Investment promotion privileges have been approved by the
Thai Board of Investment for a project to establish a
subsidiary of Asahi Kasei Fibers for the production and
sale of Roica™ spandex yarn in Thailand.
Asahi Kasei Fibers is strengthening and expanding
its Roica™ operations
globally, in accordance with a strategy of establishing production
bases in close proximity to user demand. It presently operates
two overseas production bases: Formosa Asahi Spandex (FAS)
established in Taiwan in 1998, and Hangzhou Asahi Kasei Spandex
(HAS) established in China in 2003. The new Roica™ operation
in Thailand will help meet increasing demand in Asia, particularly
in the ASEAN market.
The SAHA Group of Thailand, with extensive experience investing
in Japanese ventures in Thailand, and Wacoal Corporation
of Japan, with several successful joint ventures with the
SAHA Group, will also invest in the project.
Profile of the new company
| Name: |
| |
Thai Asahi Kasei Spandex Co., Ltd. (TAS) |
| Location: |
| |
SAHA Group Industrial Park, Sriracha District,
Chonburi Province, Thailand (about 100 km southeast of
Bangkok) |
| Paid-in Capital: |
| |
520 million baht (approximately ¥1.5 billion) |
| Shareholding: |
| |
Asahi Kasei Fibers 60%, SAHA Group 21%,
Wacoal 19% |
| Investment: |
| |
Approximately ¥3 billion |
| Production Capacity: |
| |
Approximately 2,500 tons/year
of Roica™ yarn |
| Scheduled start-up: |
| |
September 2004 |
|
